Federal Reserve Bank of San Francisco: FRBSF Economic Letter https://www.frbsf.org/research-and-insights/publications/economic-letter/ Economic analysis and research summaries for a general audience. en-us https://wordpress.org/?v=6.9.4 201690440 Regionalism at the Federal Reserve: Many Voices, One Purpose https://www.frbsf.org/research-and-insights/publications/economic-letter/2026/04/regionalism-at-federal-reserve-many-voices-one-purpose/ Mon, 13 Apr 2026 17:00:00 -0700 "Mary C. Daly" https://www.frbsf.org/research-and-insights/publications/economic-letter/2026/04/regionalism-at-federal-reserve-many-voices-one-purpose/ 295635 Monetary Policy Through the Lens of Market-Based Inflation https://www.frbsf.org/research-and-insights/publications/economic-letter/2026/04/monetary-policy-through-lens-of-market-based-inflation/ Mon, 06 Apr 2026 17:00:00 -0700 "Mary C. Daly", "Sylvain Leduc", "Luiz Edgard Oliveira" https://www.frbsf.org/research-and-insights/publications/economic-letter/2026/04/monetary-policy-through-lens-of-market-based-inflation/ 295341 Fed Communications and Inflation Expectations https://www.frbsf.org/research-and-insights/publications/economic-letter/2026/03/fed-communications-and-inflation-expectations/ Tue, 31 Mar 2026 17:00:00 -0700 "Michael Bauer", "Mary C. Daly", "Sylvain Leduc", "Luiz Edgard Oliveira", "Wesley Wasserburger" https://www.frbsf.org/research-and-insights/publications/economic-letter/2026/03/fed-communications-and-inflation-expectations/ 295085 The Effects of Tariffs on the Components of Inflation https://www.frbsf.org/research-and-insights/publications/economic-letter/2026/03/effects-of-tariffs-on-components-of-inflation/ Mon, 30 Mar 2026 17:00:00 -0700 "Michael Bauer", "Mary C. Daly", "Naomi Halbersleben", "Oscar Jorda", "Sylvain Leduc", "Fernanda Nechio", "Luiz Edgard Oliveira", "Wesley Wasserburger" https://www.frbsf.org/research-and-insights/publications/economic-letter/2026/03/effects-of-tariffs-on-components-of-inflation/ 295062 The AI Moment? Possibilities, Productivity, and Policy https://www.frbsf.org/research-and-insights/publications/economic-letter/2026/02/ai-moment-possibilities-productivity-policy/ Mon, 23 Feb 2026 18:00:00 -0800 "Michael Bauer", "Mary C. Daly", "Naomi Halbersleben", "Oscar Jorda", "Sylvain Leduc", "Fernanda Nechio", "Luiz Edgard Oliveira", "Wesley Wasserburger" https://www.frbsf.org/research-and-insights/publications/economic-letter/2026/02/ai-moment-possibilities-productivity-policy/ 263062 Unauthorized Immigration Effects on Local Labor Markets https://www.frbsf.org/research-and-insights/publications/economic-letter/2026/02/unauthorized-immigration-effects-on-local-labor-markets/ Tue, 17 Feb 2026 18:00:00 -0800 "Michael Bauer", "Mary C. Daly", "Naomi Halbersleben", "Oscar Jorda", "Sylvain Leduc", "Fernanda Nechio", "Luiz Edgard Oliveira", "Wesley Wasserburger", "Daniel Wilson", "Xiaoqing Zhou" https://www.frbsf.org/research-and-insights/publications/economic-letter/2026/02/unauthorized-immigration-effects-on-local-labor-markets/ 262898 Is the PPPLF Still Encouraging Small Business Lending? https://www.frbsf.org/research-and-insights/publications/economic-letter/2026/02/is-ppplf-still-encouraging-small-business-lending/ Mon, 09 Feb 2026 18:00:00 -0800 "Michael Bauer", "Mary C. Daly", "Lora Dufresne", "Naomi Halbersleben", "Oscar Jorda", "Sylvain Leduc", "Fernanda Nechio", "Luiz Edgard Oliveira", "Mark M. Spiegel", "Wesley Wasserburger", "Daniel Wilson", "Xiaoqing Zhou" https://www.frbsf.org/research-and-insights/publications/economic-letter/2026/02/is-ppplf-still-encouraging-small-business-lending/ 262741 Housing Affordability and Housing Demand https://www.frbsf.org/research-and-insights/publications/economic-letter/2026/02/housing-affordability-and-housing-demand/ Mon, 02 Feb 2026 18:00:00 -0800 "Michael Bauer", "Mary C. Daly", "Lora Dufresne", "Naomi Halbersleben", "Oscar Jorda", "Sylvain Leduc", "Schuyler Louie", "John Mondragon", "Rami Najjar", "Fernanda Nechio", "Luiz Edgard Oliveira", "Mark M. Spiegel", "Wesley Wasserburger", "Johannes Wieland", "Daniel Wilson", "Xiaoqing Zhou" https://www.frbsf.org/research-and-insights/publications/economic-letter/2026/02/housing-affordability-and-housing-demand/ 256217 The Recent Slowdown in Labor Supply and Demand https://www.frbsf.org/research-and-insights/publications/economic-letter/2026/01/recent-slowdown-in-labor-supply-and-demand/ Mon, 12 Jan 2026 18:00:00 -0800 "Michael Bauer", "Leila Bengali", "Ingrid Chen", "Mary C. Daly", "Lora Dufresne", "Naomi Halbersleben", "Oscar Jorda", "Sylvain Leduc", "Schuyler Louie", "John Mondragon", "Rami Najjar", "Fernanda Nechio", "Addie New-Schmidt", "Luiz Edgard Oliveira", "Nicolas Petrosky-Nadeau", "Mark M. Spiegel", "Wesley Wasserburger", "Johannes Wieland", "Daniel Wilson", "Xiaoqing Zhou" https://www.frbsf.org/research-and-insights/publications/economic-letter/2026/01/recent-slowdown-in-labor-supply-and-demand/ 255811 What Can History Tell Us About Tariff Shocks? https://www.frbsf.org/research-and-insights/publications/economic-letter/2026/01/what-can-history-tell-us-about-tariff-shocks/ Mon, 05 Jan 2026 18:00:00 -0800 "Regis Barnichon", "Michael Bauer", "Leila Bengali", "Ingrid Chen", "Mary C. Daly", "Lora Dufresne", "Naomi Halbersleben", "Oscar Jorda", "Sylvain Leduc", "Schuyler Louie", "John Mondragon", "Rami Najjar", "Fernanda Nechio", "Addie New-Schmidt", "Luiz Edgard Oliveira", "Nicolas Petrosky-Nadeau", "Aayush Singh", "Mark M. Spiegel", "Wesley Wasserburger", "Johannes Wieland", "Daniel Wilson", "Xiaoqing Zhou" https://www.frbsf.org/research-and-insights/publications/economic-letter/2026/01/what-can-history-tell-us-about-tariff-shocks/ 255624